An Asian partnership led by Singapore's sovereign wealth fund has agreed to buy a 92 percent stake in 101 California St. in downtown San Francisco for $851 million, or $740 a square foot, according to Real Estate Alert.
The seller was Nippon Life Insurance. The partnership will also buy part of the remaining 8 percent interest held by Hines, which will continue to manage the property, according to the real estate newsletter...............................................Full Article: Source